ARUSDT Primed for Breakout: Long Trade to $45.5 Resistance
Arweave (ARUSDT) is currently trading at a crucial support level around $42.32, a zone that has acted as a resistance in recent 1-hour charts. This presents an attractive opportunity for a long trade, as the price is likely to bounce off this support and seek higher levels.
Technical Analysis:
Proposed Long Trade:
Entry Price: 42.32 USDT (current price)
Take Profit: 45.50 USDT (resistance level)
Stop Loss: 40.8 USDT (below support zone)
Technical Analysis:
- Key Support Zone: The current price is at the lower end of a trading range, indicating a potential reversal point.
- Bullish Divergence: The MACD indicator suggests bullish divergence, hinting at a potential trend reversal.
- Positive Fundamentals: Recent fundamental developments, including partnerships and growing adoption, support a bullish outlook.
- Higher Timeframe Trend: The overall trend on higher timeframes remains bullish, aligning with the long trade setup.
Proposed Long Trade:
Entry Price: 42.32 USDT (current price)
Take Profit: 45.50 USDT (resistance level)
Stop Loss: 40.8 USDT (below support zone)
Nota
It hit the stop loss very quickly, although it was very tight, it seems that the market is going to fall a little.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.